Cardano will implement the “Vasil” hard fork upgrade! ADA jumps 8%

The public chain project Cardano (ADA) pointed out that the hard fork upgrade code-named “Vasil” has entered the final preparation stage and has been launched and running on the test network. The upgrade is expected to be officially implemented on June 29.

Founded in 2015, Cardano claims to be more scalable, secure, and efficient and aims to compete with Ethereum and other decentralized application platforms.

Cardano implemented the smart contract function by deploying the Alonzo hard fork in September last year , allowing teams and projects to start building and deploying their DeFi, DApp, and NFT protocols directly on Cardano, marking an important milestone for the project development process.

As for this upgrade, it is expected to greatly improve the efficiency of the smart contract platform Plutus, improve the running speed of Cardano, and reduce the cost of use.

Currently, the Cardano development team, IOHK, is working on resolving issues discovered during final testing, which involves 40 Cardano-based projects.

Stimulated by the good news, Cardano’s native token ADA rose 8% today (8), and was at $0.63 at the press time, making it the 6th largest cryptocurrency by market value